Japan's Sanyo Electric is considering selling its loss-making mobile phone operations and is already in preliminary talks with several domestic cell phone makers, a source close to the matter said.Sharp and Kyocera are among the likely candidates for buying the unit, which accounts for about 15 percent of Sanyo's group sales, the source said on Monday.
The latest restructuring step at the Osaka-based
Sanyo now expects to sell
Sanyo, which has posted net losses for the past three business years, sold its stake in Sanyo Electric Credit this year and is widely believed to be in the process of selling its semiconductor operations.
